Bill has been deeply involved in writing laws which will prevent crises like the 2008 financial collapse from hurting working families in the future.
Pass laws to prevent financial crises like the 2008 collapse from harming working families in the future.
Occurrences
Bill has been deeply involved in writing laws which will prevent crises like the 2008 financial collapse from hurting working families in the future.
We should strengthen financial stability oversight and continue to operate under the Dodd-Frank paradigm that has clearly worked for the benefit of consumers and kept our economy safe.
Full Title To amend the Federal Credit Union Act to modify requirements relating to the regulation and examination of credit union organizations and service providers, to provide the Director of the Federal Housing Finance Agency with the authority to regulate the provision of services provided to the Government-sponsored enterprises and Federal Home Loan Banks, and for other purposes.
Evidence
legacy_unverified · Source version not recorded · locator unknown
Bill Foster says he was deeply involved in crafting Wall Street reforms to prevent a repeat of the 2008 financial crisis and to keep future crises from harming working families.
legacy_unverified · Source version not recorded · locator unknown
The House roll call for the Dodd-Frank conference report lists Rep. Foster of Illinois voting Yea on final passage of H.R. 4173.
legacy_unverified · Source version not recorded · locator unknown
GovInfo shows H.R. 4173 became the Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted on July 15, 2010, with the stated purpose of promoting financial stability, ending too-big-to-fail, protecting taxpayers from bailouts, and protecting consumers from abusive financial practices.
legacy_unverified · Source version not recorded · locator unknown
Foster's congressional issues page says the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was a step in the right direction and that he has been proud to serve on the Financial Services Committee.
Assessments
The promise was to pass laws preventing another 2008-style financial collapse from harming working families. During Foster's same congressional term, Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 15, 2010, with purposes directly aligned to financial stability, ending too-big-to-fail, taxpayer protection, and consumer protection. Foster voted yea on final House passage and later identified Dodd-Frank as the relevant guardrail legislation. Because the law was enacted, this is delivered rather than merely an attempted effort.